ProStar Holdings (ProStar Holdings) Cash And Cash Equivalents : $0.39 Mil (As of Mar. 2024)

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What is ProStar Holdings Cash And Cash Equivalents?

ProStar Holdings's quarterly cash and cash equivalents declined from Sep. 2023 ($1.31 Mil) to Dec. 2023 ($0.07 Mil) but then increased from Dec. 2023 ($0.07 Mil) to Mar. 2024 ($0.39 Mil).

ProStar Holdings's annual cash and cash equivalents declined from Dec. 2021 ($7.03 Mil) to Dec. 2022 ($2.21 Mil) and declined from Dec. 2022 ($2.21 Mil) to Dec. 2023 ($0.07 Mil).

ProStar Holdings Cash And Cash Equivalents Historical Data

The historical data trend for ProStar Holdings's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ProStar Holdings Cash And Cash Equivalents Chart

ProStar Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

0.13

3.40

7.03

2.21

0.07

ProStar Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial													1.17	0.01	1.31	0.07	0.39

ProStar Holdings Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

ProStar Holdings (OTCPK:MAPPF) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

ProStar Holdings Cash And Cash Equivalents Related Terms

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ProStar Holdings (ProStar Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ProStar Holdings Inc (OTCPK:MAPPF) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

MAPS:Canada

Address

760 Horizon Drive, Suite 200, Grand Junction, CO, USA, 81506

Website

https://www.prostarcorp.com

ProStar Holdings Inc specializes in the development of patented mapping software. ProStar's Precision Mapping Solutions are natively cloud and mobile and offered as Software as a Service. The company's Software as a Service provides the ability to capture, record, and display the precise location of critical infrastructure such as buried utilities and pipelines; which is all accomplished in real time through ProStar's patented geospatial intelligence software. The Company operates in one reportable segment, providing Geospatial Intelligence Software for asset-centric industries, and earns revenue in one region, North America.